Show me sale transactions for properties at 21 Carpenter Street, Singapore 059984.

21 Carpenter Street (Singapore 059984) is a heritage boutique hotel operated out of a cluster of four conservation shophouses that were amalgamated, redeveloped, and extended at the rear to create a five-storey property offering 48 guest rooms. The property stands between New Bridge Road and Carpenter Street, conveniently situated in the central region.

In April 2025, it was reported that the hotel was acquired by Leo KoGuan of Timemerchant Capital from 8M Real Estate for $100 million, translating to approximately $2.08 million per room — among the highest per-key transactions on record for Singapore's hospitality sector. This was the largest shophouse transaction by value in the country to date.

The building opened as a boutique hotel in December 2023, with rooms ranging from 323 to 603 square feet. The hotel has received multiple accolades, including the Best Boutique Hotel award at the EdgeProp Excellence Awards 2024, and is noted for its conservation architecture by WOHA Architects, who incorporated elements referencing the property’s history as a former remittance house. The design has been praised for fusing heritage with contemporary hospitality.

21 Carpenter reflects the strong demand for prime, well-restored conservation shophouse assets in Singapore’s city centre, particularly those reimagined for high-end hospitality use. For the latest detailed listings, historical transaction prices, and research insights on 21 Carpenter and similar properties, you can refer to EdgeProp Singapore.